SANUWAVE Shock Wave Technology Shown to Proliferate Adult Stem Cells

    SANUWAVE Technology Shown to Proliferate Adult Stem Cells (press release) SANUWAVE Health, Inc., an emerging medical technology company focused on the development and commercialization of noninvasive, biological response activating devices in regenerative medicine, today announced the publication of peer-reviewed, preclinical data that demonstrate the ability of the Company’s extracorporeal shock wave technology (ESWT) to [...]

Synovis, the Orthopedic Soft Tissue Repair Company, Acquired by Baxter for $325M

        Synovis to be acquired for $325M Baxter International Inc. said it is buying Synovis Life Technologies Inc., a medical device company in St. Paul, for $325 million. The deal is expected to close early next year. Baxter is a global maker of blood products and intravenous drugs based in Deerfield, Ill. [...]

Moodys: US Medical Device Firms Face Soft Organic Growth Prospects

       Moody’s: U.S. medical device firms face soft organic growth prospects (Mass Device) U.S. medical products and device makers are likely to pursue share buybacks, dividends and acquisitions to satisfy shareholders and spur growth as demand remains soft and pricing pressure intensifies, Moody’s Investors Service said. Slow organic sales growth is expected over the [...]

Short Video Interview: EnHatch, a Different Kind of Medical Device Development Company

EnHatch website 10 startups from mHealth 2011: EnHatch (MedCityNews) A Lyndhurst, New Jersey-based health IT and medical device company, EnHatch, gives medical innovators, surgeons and physicians the tools to get their ideas to market as soon as possible. Its focuses on collaboration between surgeons and engineers in the development of medical devices. Its vice president of [...]

4 Former Synthes Executives Sentenced to Prison Time for Unapproved Bone Cement Study

        Sentencing… Michael Huggins (ex-COO @ Synthes) 9 months jail time currently under appeal Thomas Higgins (ex-Sr VP @ Synthes) 9 months jail time Richard Bohner (ex-VP @ Synthes) 8 months jail time John Walsh (ex-Director Clin/Reg @ Synthes)  5 months jail time Ex-Synthes Exec Bohner Sentenced To 8 Months In Prison In Bone-Cement Case (WSJ [...]

Symmetry Medical Acquires J&Js Codman Surgical Instruments Business for $165M Cash

    Symmetry Medical to Acquire the Surgical Instruments Business of Codman & Shurtleff (press release) Summary of Strategic and Financial Benefits of the Transaction Diversifies Symmetry’s revenue base with higher margin hospital direct business representing ~25% of total revenue; 2011 pro-forma revenue for the acquired surgical instrument business is approximately $60 million; Strengthens Symmetry’s intellectual [...]

Stryker Closes 2 Plants in New York, Cutting 160 Jobs

     Gaymar set to close, cutting 160 jobs (BuffaloNews.com) Maker of medical devices, founded in 1956, will shutter Orchard Park and West Seneca operations after buyout by Stryker Corp. last year Gaymar Industries’ Orchard Park and West Seneca operations will close by the end of next year, eliminating 160 jobs, victims of cost-cutting measures by [...]

Oxford Performance Materials Is Now “Laser Printing” Patient-Specific Spinal Implants

    Oxford Performance Materials website Oxford Announces Patient-Specific Implants (Biloine Young @ OTW) Osteofab, a division of Oxford Performance Materials (OPM) of South Windsor, Connecticut, has manufactured and shipped its first patient-specific implant. According to OPM President Scott Defelice, the custom-designed implant is made by a selective laser centering machine from a polymer called polyetherketoneketone [...]

S&N Interview Regarding Their Strategy to Expand Into BRIC Countries

     S&N: Innovation, Education Key to Emerging Market (VIDEO: Morningstar UK) Medical-device expansion in the BRIC countries will accelerate as price points are lowered and more doctors learn how to use orthopaedics, says Smith & Nephew’s Phil Cowdy Julie Stralow: Hello, I’m Julie Stralow, equity analyst at Morningstar. Today, we have Phil Cowdy here from [...]

13 Orthopedic Device Company Cuts & Expansions in 2011

      13 Orthopedic Device Company Cuts & Expansions in 2011 (Laura Miller @ Beckers) Here are 13 orthopedic and spine device company facility and personnel cuts and expansions in 2011. Plans released earlier this year reported that Biomet would cut up to 200 jobs, mostly in European operations. The company considered cutting 21 jobs from United [...]

Global Spine Surgery Market Analysis 2011

  Worldwide Spine Surgery Device Market by Modality, 2010 Global spine surgery market analysis 2011 (MedMarket) In mid 2011, we completed a comprehensive analysis of the products, technologies, markets and companies in the field of spine surgery. This $13 billion market is comprised of predominantly medical devices that address trauma, degenerative disc disease and a wide range [...]

Medtronic Infuse Woes Prompt Subpoena From California Attorney General

          Medtronic Infuse Woes Prompt Subpoena from California Attorney General (NewsInferno) Medtronic, Inc. has disclosed that the California Attorney General issued a subpoena to the company in October as part of an investigation into its Infuse bone graft product. In its latest 10-Q filing, Medtronic said it was fully cooperating with the California probe, [...]

Small Bone Innovations Secures a $43M Credit Facility

       Small Bone Innovations, Inc. Secures $43 Million Credit Facility (press release) NEW YORK, Dec 07, 2011 (BUSINESS WIRE) — Small Bone Innovations, Inc. (SBi), a leading, privately held orthopedics company focused exclusively on technologies and treatments for the small bones & joints, has closed on a $43 million credit facility to help further [...]

Exactech Extends Deferred Prosecution Agreement With US Attorneys Office

    Exactech Announces Agreement with U.S. Attorney’s Office (press release) GAINESVILLE, Fla.–(BUSINESS WIRE)– Exactech, Inc. (Nasdaq: EXAC - News), a developer and producer of bone and joint restoration products for hip, knee, shoulder, spine and biologic materials, announced today that it agreed to enter into an amendment to its Deferred Prosecution Agreement (DPA) with the United States Attorney’s [...]

Nationwide Study to Determine if Spinal Discs Can Be Regenerated With a Stem Cell Injection

         Definitive Back-Pain Study? (Biloine Young @ OTW) Can a single injection of stem cells repair and regenerate diseased lumbar discs? That question may soon be answered by the first of its kind nationwide study that will test the safety and efficacy of the use of mesenchymal precursor cells (MPCs) to replace bone, [...]

World Orthopaedic Surgeons Vow to Cooperate to Provide Cost-Effective Medical Services

            World orthopaedic surgeons vow to cooperate to provide cost-effective medical services (Beijing December 5  Kazinform) Acclaimed orthopaedic surgeons and experts attending a major conference in Beijing have agreed to build up a platform for international cooperation aiming at jointly coping with medical and social challenges. According to Xinhua, at the [...]

Spotlight on Treating the SI Joint at NASS & EuroSpine – SI-BONE iFuse Implants Discussed

      Thought-leading spine surgeon presentations support increased awareness of SI joint diagnosis and iFuse® Implant System for minimally invasive SI joint fusion (press release) SI-BONE, Inc. (San Jose, California), a medical device company that is pioneering the use of a minimally invasive surgical (MIS) device to treat the sacroiliac (SI) joint reported today that [...]

Strykers Reaction to the Upcoming Medical Device Tax

     Beyond The Medical Device Tax   (Worcester Business Journal) Last month, when Michigan medical device maker Stryker Corp., which has operations in Hopkinton, announced plans to reduce its worldwide workforce by 5 percent, it didn’t take long for observers to connect the cuts to a federal tax on medical device makers scheduled to take [...]

10 Surgeon Appointments to Orthopedic and Spine Device Companies

         10 Surgeon Appointments to Orthopedic and Spine Device Companies (Laura Miller @ Beckers) Here are 10 orthopedic and spine surgeons who have been appointed to medical and scientific advisory boards of device companies since last December. Theralase Technologies appointed James Andrews, MD, founder of Andrews Institute for Orthopaedics & Sports Medicine in Gulf [...]

Meet Marle… Europes Largest Implant Contract Orthopedic Manufacturing Business

      Carlyle portfolio company Marle buys ATS-Sferic (press release) Marle becomes Europe’s largest implant contract manufacturing business Growth capital investment by Carlyle Group in 2009 Carlyle Group’s portfolio company Marle International, a France-based manufacturer of orthopedic implants, on Thursday said it has bought ATS-Sferic, a medical casting business. The deal seals Marle’s position as [...]

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May 18, 2012

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